Research and Markets (http://www.researchandmarkets.com/research/9z74cs/global_low) has announced the addition of the "Global Low Voltage and Medium Voltage Motors Market 2012-2016" report to their offering.
The analysts forecast the Global Low Voltage and Medium Voltage Motors market to grow at a CAGR of 17.66 percent over the period 2012-2016. One of the key factors contributing to this market growth is the growth of the Hydraulic Fracking industry. The market has also been witnessing increased development of customized motors. However, the threat from low cost vendors could pose a challenge to the growth of this market.
The key vendors dominating this space include ABB Ltd., Siemens AG, General Electric Co., and Regal Beloit Corp.
The other vendors mentioned in the report are ABB Ltd., Siemens AG, General Electric Co., Regal Beloit Corp., WEG Electric Corp., Converteam Inc., Teco Energy Inc., Toshiba Corp., Hyosung Corp., Ansaldo Energia S.p.A, and Leroy Somer S.A.
Commenting on the report, an analyst from the Engineering team said: The development of customized motors is one of the key trends in the Global Low Voltage and Medium Voltage Motors market. For instance, Siemens AG has started to offer customized motors as per specific industry requirements. Unlike standard motors, customized motors provide special mechanical properties and systems solutions for the end-users. Additionally, customized motors are more efficient than standard motors. Thus, many end-users, especially the Textile industry and the Wood Processing industry, are adopting customized motors at a rapid rate.
According to the report, the Global Low Voltage and Medium Voltage Motors market is driven by many factors, one of which is the increased popularity of the hydraulic fracking technique. North America and Europe have started adopting this technique, which increases the demand for low voltage and medium voltage motors. In addition, a water and wastewater treatment facility in North America is in the process of revamping. This will also create a demand for low voltage and medium voltage motors.
For more information visit http://www.researchandmarkets.com/research/9z74cs/global_low
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